There are 8 articles on this title. You are reading the article ranked and rated #6 by Helium's members.
Personal Finance >
Personal Loans
Are cash advance loans addictive?
Article Toolsby genzo
Yes, cash advance is definitely addicting. it is tantamount to withdrawing cash from your credit card, meaning you are using "future money", which you may not even have to begin with.
As such, people may have the tendency to draw more frequently. But they do not realise that the money you have drawn incurs interest as well as administrative charges at times. Therefore, you will be paying for more than what you have withdrawn, which is undesirable. However, cash advance is so readily available that it makes some people drawing cash to get something that they couldn't afford previously without cash advance.
So I would agree fully that cash advancing is without a doubt addictive and that if one is addicted to it, it may not be so easy to dissuade the person from doing cash advance
Learn more about this author, genzo.
Click here to send author comments or questions.
Below are the top articles rated and ranked by Helium members on:
Are cash advance loans addictive?
-
1 of 8
by Jamie Monk
I think the term "addictive" in relation to this topic is rather exaggerated as it implies something you cannot stop ... read more
-
2 of 8
by Richard Ford
Yes it is, and terribly expensive. Rather like any other addiction the only way to stop is to stop. Sure, you w... read more
-
3 of 8
Addictive or vicous? I would rather term cash advancing as vicious rather than addictive. You have your streams of... read more
-
Cash advancing is a new way to continue it ensnare an already increasing debt ridden populous with the additional bur... read more
-
5 of 8
Like many things in life that offer quick rewards with seemingly little effort, cash advancing can too be addictive. ... read more
View All Articles on:
Are cash advance loans addictive?
Add your voice
Know something about Are cash advance loans addictive??
We want to hear your view. 
Write now!
Cast your vote!
Should the federal government offer foreclosure bailout relief for struggling homeowners?
Click for your side. Must be logged in.
- How to prioritize your debt payments
- How to write a credit letter
- Does it really pay to save for retirement?
- How to relieve the sting of ARM mortgage rate increases
- Why your credit score may be low
- How debt affects your emotional well-being
- Which is the better tax hedge: Individual retirement accounts or life insurance policies?
- How stolen mail can jeopardize your identity
- What if you just walk away from your mortgage?
- Is the system of credit ratings fair?
- Website reviews: Rushcard.com
- How to become debt-free in just a few years
- Should Social Security benefits be abolished?
- Debt consolidation: Take action now, before you’re in too deep
- Money-saving tips: How to save money on airfare
- Should I buy a home now or wait?
- How a Roth IRA works
- Investment and risk
Featured Partner
The Center for a New American Dream
The Center for a New American Dream has partnered with Helium, giving you the chance to write for a cause. Brows...more
hide